BKNG, CVNA, HOOD, HWKN, & MCK.
| BKNG Booking Holdings Inc. ($5,623.89) - Leisure - BKNG broke a double top at $5632 to return to a buy signal. The stock has been a 5 for 5'er since October 2024, while maintaining a positive trend and long-term positive RS against its peer group and the market since 2023. Okay to consider here on the breakout. Note the stock's all-time chart high lies at $5824. Initial support can be found at $5376, while additional resides at $5248. |
| CVNA Carvana Company ($339.98) - Autos and Parts - CVNA broke a double bottom at $332 for a second sell signal as shares fell to $320, the lowest level since June. Action on 8/14 brought the stock into a column of Os on its peer RS chart - dropping the stock to a 4 for 5'er - and this breakdown places the market RS chart within one box of reversing into Os. From here, support lies at $308 and $284. |
| HOOD Robinhood Markets, Inc. Class A ($104.41) - Wall Street - HOOD shares fell today to break a double bottom at $106 to mark its first sell signal. A reversal back into Xs from current levels would set up a shakeout pattern. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since February 2024. HOOD shares are actionable at current levels and are trading near the middle of their ten-week trading band. From here, support is offered at $94. |
| HWKN Hawkins Chemical Inc ($167.99) - Chemicals - HWKN fell to a sell signal Wednesday when it broke a double bottom at $168. The technical outlook for the stock remains positive as HWKN is a 5 for 5'er that ranks third out of 46 names in the favored chemicals sector matrix. From here, the next level of support on HWKN's chart sits at $158. |
| MCK McKesson Corporation ($702.94) - Drugs - MCK inched higher on Wednesday to complete a bearish signal reversal at $688. The 4 for 5'er now sits 1-2 boxes away from reversing back into a positive trend and shifting up from a 5 for 5'er. Long exposure can be considered here or set an alert for when MCK moves back into a positive trend. Initial support is at $640, with additional support at $624. |
